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Page 1: Corporate Presentation - api.mziq.com

Corporate PresentationSeptember, 2020

Page 2: Corporate Presentation - api.mziq.com

Disclaimer

Such statements are based on the beliefs and assumptions of our Management as well as on information currentlyavailable to CIELO. Forward-looking statements include information regarding our current intentions, beliefs orexpectations, in addition to those of the Company’s Board of Directors members and Executive Officers.

Forward-looking statements also include information regarding our possible or assumed future operating results, as wellas statements preceded or followed by, or that include the words “believes“, “may", “will”, “continues”,"expects", “anticipates", “intends”, "plans", "estimates“ or similar expressions.

Forward-looking statements are not guarantees of performance. They involve risks,

uncertainties and assumptions, for they relate to future events, thus depending on

circumstances that may or may not occur. Our future results and the creation of value to

shareholders may differ significantly from those expressed in, or suggested by, these

forward-looking statements. Many factors determining these results and values are beyond

CIELO’s ability to control or predict.

CIELO makes forward looking statements that are subject to risks and uncertainties

2

Page 3: Corporate Presentation - api.mziq.com

Market Leader

3

#1

MERCHANT ACQUIRER AND PAYMENT PROCESSOR IN BRAZIL AND LATIN AMERICA

+9%** BRL 11.3 BILLION*

OF GDP CAPTURED THROUGH CIELO´S NETWORK

MARKET CAP – AMONG 40 LARGEST IN BM&FBOVESPA

3*Closing date: 09/30/2020.

**Based on 2019 brazilian GDP released by IBGE (Brazilian Institute of Geography and Statistics).

Page 4: Corporate Presentation - api.mziq.com

Substitution of Cash and Checks

4

PCE – Private Consumption Expenditure

Card Expenditure*

Financial Volume (R$ billion)

16,1%17,7%

19,1%20,8%

22,8%24,1%

25,5% 25,8%27,8% 28,4% 29,0% 29,5%

31,2%

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

1.6291.857

2.0642.341

2.6372.950

3.2763.742 3.831 4.007 4.194

4.4584.712

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

262329

394487

601710

837964

1.0651.137

1.2161.314

1.468

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

* Excluding Private Labels.

Source: IBGE ,ABECS.

4

Financial Volume (R$ billion)

Card Expenditure over PCE * (%)

Page 5: Corporate Presentation - api.mziq.com

Strategic Planning

5

Cielo has been active to be well positioned to capture new avenues of growth

5

July

2014

30% stake in

Stelo

Creation of

Cateno between

Cielo e Banco do

Brasil

Launching of

Cielo Mobile

Chip & Pin

November

2014

December

2010

March

2012

May

2011September

2012

October

2013

June

2020

June

2015

Launching of

WhatsApp Pay

(under

evaluation

Bacen & CADE)

Acquisition of

Braspag

Partnership with

Dotz

Partnership with

CyberSource

Acquisition of

MeS

Partnership

with Smiles

August

2015

Cielo holds a

91.44% stake

of M4U

November

2010

Launching of

Cielo Mobile

April

2016

Launching of

Cielo LIO

August

2017

Launching of

Cielo LIO V2

January

100% stake in

Stelo

September

2018

Launching of

Cielo QR Code

and LIO+

2018

August

2019

Launching of

Cielo Pay

Page 6: Corporate Presentation - api.mziq.com

Manage your business better

PrepaymentAnti

fraude ICVACielo Farol

Conciliator Cielo Store

Payment through:

Selling more

POS Sales Model

The best solution for the business: accepts payments of all kinds in a simple and secure way, without losing sales.

CIELO HAS THE MOST COMPLETE PORTFOLIO

Promo

Recharge

Currency converter

Client Installment

Tradicional POS’s

+ 80 brands

SmartTerminals E- commerce Don´t stop selling!

6

Current account

Saving account

Prepaid card

Digital account

Quick mantainance

Chat online

App Cielo

Call Center 24h

Stores

Payment by link

Virtual Store

Cielo Check-out

API e-commerce

QR Code

DigitalTransformation

Page 7: Corporate Presentation - api.mziq.com

Cielo’s Broad Retail Index (ICVA)

7

DIFERENCIAL

Territorial coverage of 99% of the

country

Scope sized companies: from small retailers to

large retailers

Based on actual information

and not in sample surveys

Dynamic model, based on the actual mix of each

sector in the economy

Over 20 economic sectors, including services (eg: airlines, restaurants and e-commerce)

Improved disclosure

7

Source: Cielo

-30.5%

3.6%

5.2%

jun-19

-35.2%

3.9%

-10.5%

nov-19

2.3%

-29.5%

-11.7%

4.9%

jun-20

7.6%

sep-19

4.6%

6.6%

2.1%

4.8%

5.7%

apr-20

3.1%

feb-20

1.4%

aug-19

5.8%7.0%

6.9%

-22.9%

4.8%

-19.9%

5.6%

oct-19

-7.9%

6.3%

7.6%

-36.0%

6.1%5.2%

4.3% 2.6%

6.1%7.5%

2.5%

dec-19

6.9%

-9.7%

jan-19

2.6%

9.1%

5.2%

3.7%

may-20

-12.5%

mar-20

-24.9%

-36.5%-37.1%

-28.3%

-29.4%

-23.8%-24.1%

-18.6%

-20.7%

-19.4%

jul-20 aug-10 sep-20

-12.6%

-15.1%

-9.9%

-12.5%

-3.5%-3.0%

-7.4%

Nominal ICVA

Deflated*ICVA

Nominal ICVA with Calendar Adjustment

Deflated*ICVA with Calendar Adjustment

Page 8: Corporate Presentation - api.mziq.com

67.0

Transaction Financial Volume

8

67.0

104.8

57.274.9

70.8 90.7

171.7128.0

165.6

-4% +29%

Debit

Credit

2Q20 3Q203Q19

AnnualEvolution(R$ billion)

626.5

364.4

205.0

312.6 329.3

255.6227.6

320.5

281.5

344.1

683.1

262.1271.6

411.6

517.6 548.2584.9

625.6

2018 20192016 201720152014

QuarterlyEvolution(R$ billion)

Page 9: Corporate Presentation - api.mziq.com

Number of Transactions

9

AnnualEvolution(million)

1,783.1

1,237.01,537.7

842.7

940.4

541.5

695.5

656.3

881.4

-14% +24%Debit

Credit

2Q20 3Q203Q19

2,886.42,772.02,525.0

3,134.03,959.03,536.9

2,662.8

4,437.6 3,890.9

3,049.0

3,831.2

3,309.0

5,659.06,199.7

7,140.26,731.0

7,324.06,939.9

2018 20192016 201720152014

QuarterlyEvolution(million)

Page 10: Corporate Presentation - api.mziq.com

Net Operating Revenue

10

2,801.02,450.1

2,882.4

+3% +18%

2Q20 3Q203Q19

7,725.6

11,122.3 11,685.812,300.8 11,600.3 11,353.8

2018 20192016 201720152014

CAGR: 0.5%

AnnualEvolution(R$ million)

QuarterlyEvolution(R$ million)

Page 11: Corporate Presentation - api.mziq.com

Purchase of Receivables

11

CAGR: 2.0%

17.6

4.75.5

-73% -14%

16.8%

7.7%

5.2%

2Q20 3Q203Q19

59.463.262.0 66.756.1

67.2

18.4%16.5%16.3%

20.3%17.9%

19.4%

% Purchased Receivables over Total Credit Volume

Financial Volume of Purchase of Receivables

AnnualEvolution(R$ million)

QuarterlyEvolution(R$ million)

2018 20192016 201720152014

Page 12: Corporate Presentation - api.mziq.com

EBITDA

12

CAGR: -12.9%

723.6

480.0

236.0

-34% +103%

9.6%

25.8%

16.7%

EBITDA

2Q20 3Q203Q19

5,535.1

3,838.95,233.5 5,277.9

4,634.8

2,992.0

47.1%49.7%

45.0%39.7%

45.5%

26.5%

EBITDA Margin %

2018 20192016 201720152014

AnnualEvolution(R$ million)

QuarterlyEvolution(R$ million)

Page 13: Corporate Presentation - api.mziq.com

Net Result

13

CAGR: -18.1%

100.4

352.9

-75.2

-72% n/a

3.5%

12.6%

-3.1%

Net Result

2Q2O 3Q203Q19

3,219.84,056.1

3,511.4 3,140.14,005.5

1,546.1

32.6%

41.7%

31.6%35.0%

15.7%

28.7%

Net Result Margin %

2018 20192016 201720152014

AnnualEvolution(R$ million)

QuarterlyEvolution(R$ million)

Note: for 2018 and 2019 COSIF criteria was considered

Page 14: Corporate Presentation - api.mziq.com

Leader in a growing market

Strong balance sheet, high cash generation and low capex requirements

Minimum dividend payout of 30% of net profit* distributed annually

Focus on innovation, diversificationand continuous growth

* After constitution of legal reserve of 20% of the Company´s capital stock

INVESTMENT HIGHLIGHTS

1414

Page 15: Corporate Presentation - api.mziq.com

ADR

15

Cielo has a sponsored Level I ADR

Ticker: CIOXY

ADR Ratio (ADR:ORD): 1:1

Depositary bank: o JP Morgan Chase Bank NA.

Depositary bank contacts:

ADR broker helpline:

Tel: +1 800 990 1135 (USA)

Tel: +1 651 453 2128 (from other location)

P.O. Box 64504, St. Paul, MN 55164-0504

ADR website: https://www.adr.com

Depositary bank’s local custodian: Banco Bradesco

Page 16: Corporate Presentation - api.mziq.com

Appendix

16

Page 17: Corporate Presentation - api.mziq.com

Brazilian Acquiring Market Timeline

17

RedeCard’sIPO

2007

Stone’sFoundation

2012

Cielo’sIPO

2009

RedeCard’sTender Offer

2012

GetNet’sacquisition bySantander

2014

PagSeguro starts sellingPOS

2014

Brand’sMultivanbeginning

2015

Brand’sacquiringmonopoly ends

2014

Pagseguro’sIPO

2017

Brand’s full-acquiringbegins

2017

Stone’sIPO

2018

Visa and Master acquiring monopoly ends

2010

Source: Revista EXAME

Page 18: Corporate Presentation - api.mziq.com

Capital Ownership

18

28.6%0.4%

40.9%

30.1%

TesourariaBanco Bradesco

Em CirculaçãoBanco do Brasil

*Tempo Serviços LTDA is a Bradesco subsidiary company which started envisaging Ciel3 on its investment portfolio.

Shareholding

Structure

Ordinary

Shares%

Controlling Shareholders 1,594,957,131 58.707

Banco Bradesco 816,637,079 30.06

Columbus Holdings SA 778,319,884 28.65

Tempo Serviços LTDA 38,317,195 1.41

Banco do Brasil 778,320,052 28.65

Treasury 9,661,292 0.35

Free Float 1,117,762,356 40.94

Total 2,716,815,061 100.00

Page 19: Corporate Presentation - api.mziq.com

Brazil | Economic Scheme

19

Gross MDR

Net MDR Interchange Fee

The brand defines the interchange fee.

The acquirer negotiates the gross MDR with the merchant.

ISSUER

CARD HOLDER

BRAND

MERCHANTS

ACQUIRER

Page 20: Corporate Presentation - api.mziq.com

Brazil | MDR* and Interchange Fee Evolution

20

Market Credit Gross MDR Evolution (%)

4Q104Q09 4Q12

1.651.70

4Q11 4Q13 4Q15 4Q16 4Q17 4Q18

1.42

2.96

1.54

2.83 2.79 2.78

1.27

2.77

4Q14

2.75

1.28

2.69 2.57 2.48

1.681.54 1.60

1.29

1.51 1.51 1.66

1.11

1.66

1.18 1.05 1.04 0.880.89

2.84

Market %Credit Net MDR

Market %Credit Interchange Fee

Evolução do MDR Bruto do Mercado - Débito (%)

4Q09 4Q144Q134Q10 4Q11 4Q12 4Q16 4Q17 4Q18

1.61

0.68

1.57 1.571.59 1.59 1.59 1.52 1.51 1.46

4Q15

0.79

0.82

0.78

0.79

0.75

0.84

0.75

0.84

0.80

0.77

0.82

0.77

0.83

0.69

0.83

0.78

0.580.82

0.64

1.36

Market %Debit Net MDR

Market %Debit Interchange Fee

*MDR: Merchant Discount Rate

Source: Central Bank.

Page 21: Corporate Presentation - api.mziq.com

Evolução MDR* Líquido – Brasil

21*MDR: Merchant Discount Rate

Source: Central Bank.

Market Net MDR Evolution (%)

4Q09 4Q164Q10 4Q11 4Q12 4Q154Q13 4Q17

1.27

4Q18

1.05

1.42

0.82

1.29

0.79

1.28

0.84 0.84

1.11

0.77

1.18

0.77

0.690.64

1.04

0.68

0.89 0.88

0.78

4Q14

-16%

+14%

Market %Credit Net MDR

Market %Debit Net MDR

Page 22: Corporate Presentation - api.mziq.com

Market Share TOP 6

22

6.9%

4.3%

49.8%

7.9%

411,713

3.7%

3Q17

6.5%

48.1%

30.3%

11.8%

13.4%

1.8%

30.0%

4.4%3.8%

4Q17

42.3%

6.1%

46.3%

30.0%

41.7%

5.0%

1Q18

7.2%

44.6%

5.0%

13.0%

5.5%

2Q18

42.8%

30.4%

5.6%7.1%

13.3%

3Q18

41.2%

31.1%30.1%

6.0%

4Q18

12.7%

6.5%

7.1%

40.0%

41.8%

29.3%

12.0%

7.7%

2Q19

12.6%

1.7%

3Q19

29.8%

12.8%

1.7%

8.5%

4Q19

38.3%

8.3%

29.2%

14.2%

338,587

7.6%1.7%

28.9%

9.0%

1Q20

35.8%

28.7%

14.7%

10.7%

12.4%

2Q20

11.2%

26.9%

317,634

9.2%

357,204

329,508

359,610

409,600

1Q19

389,187

475,614

417,418

357,175

3Q20

487,453

14.3%

1.6%

14.1%

34.0%

30.2%

375,346

18% 36.5%PagSeguroCielo

VeroRede

StoneGetnet

Source: Quartely earnings release (Cielo, Rede/Itaú, Santander, PagSeguro, Stone and Banrisul); Cielo´s Analysis.

Page 23: Corporate Presentation - api.mziq.com

Cateno

23

* Amortization of R$11.6 billion in intangible assets within 30-year term.

Income Statement

R$ million 3Q20 3Q19 Var. % 2Q20 Var. %

Gross operating revenue 754.9 772.7 -2.3% 562.3 34.3%

Taxes on services (83.6) (85.5) -2.2% (62.3) 34.2%

Net operating revenue 671.3 687.2 -2.3% 500.0 34.3%

Total cost + expenses (565.8) (469.1) 20.6% (436.4) 29.7%

Total costs (442.9) (423.3) 4.6% (366.5) 20.8%

Cost of service rendered (346.0) (326.7) 5.9% (269.6) 28.3%

Depreciation and amortization (96.9) (96.6) 0.3% (96.9) 0.0%

Gross income 228.4 263.9 -13.5% 133.5 71.1%

Operating expenses (122.9) (45.8) 168.3% (69.9) 75.8%

Salaries / Wages and benefits (19.9) (18.0) 10.6% (18.2) 9.3%

General and administratives (7.7) (7.4) 4.1% (7.2) 6.9%

Sales and Marketing expenses 0.1 (0.7) n/a (0.1) n/a

Other operating ( Expenses) income, net (95.0) (19.4) 389.7% (44.0) 115.9%

Depreciation and amortization (0.4) (0.3) 33.3% (0.4) 0.0%

Operating income 105.5 218.1 -51.6% 63.7 65.6%

EBITDA 202.8 315.0 -35.6% 161.0 26.0%

EBITDA Margin 30.2% 45.8% -15.6pp 32.2% -2.0pp

Financial income 16.5 32.0 -48.4% 16.7 -1.2%

Financial revenue 16.9 32.8 -48.5% 17.3 -2.3%

Financial expenses (0.4) (0.8) -50.0% (0.6) -33.3%

Income before income tax and social contribution 122.0 250.1 -51.2% 80.4 51.7%

Income tax and social contribution (41.8) (84.8) -50.7% (27.4) 52.6%

Current (77.8) (90.7) -14.2% (15.8) 392.4%

Deferred 36.0 5.9 510.2% (11.6) n/a

Net income 80.2 165.3 -51.5% 53.0 51.3%

Net margin 11.9% 24.1% -12.1pp 10.6% 1.3pp

Attributed to Cielo 56.2 115.7 -51.4% 37.1 51.5%

Atributted to non Cielo interest 24.0 49.6 -51.6% 15.9 50.9%

Cateno

Page 24: Corporate Presentation - api.mziq.com

Numbers 3Q20

24

Income Statement

R$ million 3Q20 3Q19 Var. % 2Q20 Var. % 3Q20 3Q19 Var. % 2Q20 Var. % 3Q20 3Q19 Var. % 2Q20 Var. % 3Q20 3Q19 Var. % 2Q20 Var. %

Gross operating revenue 1,365.1 1,453.4 -6.1% 1,131.8 20.6% 754.9 772.7 -2.3% 562.3 34.3% 1,035.5 855.1 21.1% 981.4 5.5% 3,155.5 3,081.2 2.4% 2,675.5 17.9%

Taxes on services (150.9) (159.8) -5.6% (126.3) 19.5% (83.6) (85.5) -2.2% (62.3) 34.2% (38.6) (34.9) 10.6% (36.8) 4.9% (273.1) (280.2) -2.5% (225.4) 21.2%

Net operating revenue 1,214.2 1,293.6 -6.1% 1,005.5 20.8% 671.3 687.2 -2.3% 500.0 34.3% 996.9 820.2 21.5% 944.6 5.5% 2,882.4 2,801.0 2.9% 2,450.1 17.6%

Total cost + expenses (1,050.9) (1,057.5) -0.6% (1,058.7) -0.7% (565.8) (469.1) 20.6% (436.4) 29.7% (1,084.2) (837.1) 29.5% (1,032.3) 5.0% (2,700.9) (2,363.7) 14.3% (2,527.4) 6.9%

Total costs (749.8) (711.6) 5.4% (704.1) 6.5% (442.9) (423.3) 4.6% (366.5) 20.8% (881.1) (707.2) 24.6% (831.8) 5.9% (2,073.8) (1,842.1) 12.6% (1,902.4) 9.0%

Cost of service rendered (606.5) (578.2) 4.9% (546.9) 10.9% (346.0) (326.7) 5.9% (269.6) 28.3% (831.7) (675.1) 23.2% (784.8) 6.0% (1,784.2) (1,580.0) 12.9% (1,601.3) 11.4%

Depreciation and amortization (143.3) (133.4) 7.4% (157.2) -8.8% (96.9) (96.6) 0.3% (96.9) 0.0% (49.4) (32.1) 53.9% (47.0) 5.1% (289.6) (262.1) 10.5% (301.1) -3.8%

Gross income 464.4 582.0 -20.2% 301.4 54.1% 228.4 263.9 -13.5% 133.5 71.1% 115.8 113.0 2.5% 112.8 2.7% 808.6 958.9 -15.7% 547.7 47.6%

Operating expenses (301.1) (345.9) -13.0% (354.6) -15.1% (122.9) (45.8) 168.3% (69.9) 75.8% (203.1) (129.9) 56.4% (200.5) 1.3% (627.1) (521.6) 20.2% (625.0) 0.3%

Personnel (138.6) (136.2) 1.8% (129.7) 6.9% (19.9) (18.0) 10.6% (18.2) 9.3% (47.8) (27.9) 71.3% (32.6) 46.6% (206.3) (182.1) 13.3% (180.5) 14.3%

General and administratives (37.7) (51.7) -27.1% (37.0) 1.9% (7.7) (7.4) 4.1% (7.2) 6.9% (76.7) (28.9) 165.4% (81.9) -6.3% (122.1) (88.0) 38.8% (126.1) -3.2%

Sales and Marketing expenses (28.2) (62.3) -54.7% (39.9) -29.3% 0.1 (0.7) n/a (0.1) n/a (63.3) (59.7) 6.0% (71.1) -11.0% (91.4) (122.7) -25.5% (111.1) -17.7%

Other operating ( Expenses) income, net (91.9) (87.1) 5.5% (143.3) -35.9% (95.0) (19.4) 389.7% (44.0) 115.9% (9.6) (0.8) 1100.0% (6.2) 54.8% (196.5) (107.3) 83.1% (193.5) 1.6%

Depreciation and amortization (4.7) (8.6) -45.3% (4.7) 0.0% (0.4) (0.3) 33.3% (0.4) 0.0% (5.7) (12.6) -54.8% (8.7) -34.5% (10.8) (21.5) -49.8% (13.8) -21.7%

Operating income 161.5 238.9 -32.4% (54.7) n/a 105.5 218.1 -51.6% 63.7 65.6% (87.3) (16.9) 416.6% (87.7) -0.5% 179.7 440.1 -59.2% (78.8) n/a

Equity Interest (1.8) 2.8 n/a (1.5) 20.0% - - n/a - n/a - - n/a - n/a (1.8) 2.8 n/a (1.5) 20.0%

EBITDA 309.5 380.9 -18.7% 107.2 188.7% 202.8 315.0 -35.6% 161.0 26.0% (32.2) 27.8 n/a (32.0) 0.6% 480.0 723.6 -33.7% 236.0 103.4%

EBITDA M argin 25.5% 29.4% -4.0pp 10.7% 14.8pp 30.2% 45.8% -15.6pp 32.2% -2.0pp -3.2% 3.4% -6.6pp -3.4% 0.2pp 16.7% 25.8% -9.2pp 9.6% 7.0pp

Financial income 5.8 103.7 -94.4% 37.2 -84.4% 16.5 32.0 -48.4% 16.7 -1.2% (11.4) (12.7) -10.2% (14.0) -18.6% 10.9 123.0 -91.1% 39.9 -72.7%

Financial revenue 14.2 14.6 -2.7% 11.5 23.5% 16.9 32.8 -48.5% 17.3 -2.3% 10.0 4.7 112.8% 16.8 -40.5% 41.1 52.1 -21.1% 45.6 -9.9%

Financial expenses (66.8) (170.6) -60.8% (92.1) -27.5% (0.4) (0.8) -50.0% (0.6) -33.3% (42.2) (47.7) -11.5% (35.2) 19.9% (109.4) (219.1) -50.1% (127.9) -14.5%

Acquisition of receivables, net 73.8 260.8 -71.7% 133.0 -44.5% - - n/a - n/a 20.8 30.3 -31.4% 4.6 352.2% 94.6 291.1 -67.5% 137.6 -31.3%

Net exchange variation (15.4) (1.1) 1300.0% (15.2) 1.3% - - n/a - n/a - - n/a (0.2) n/a (15.4) (1.1) 1300.0% (15.4) 0.0%

Income before income tax and social contribution 167.3 342.6 -51.2% (17.5) n/a 122.0 250.1 -51.2% 80.4 51.7% (98.7) (29.6) 233.4% (101.7) -2.9% 190.5 563.0 -66.2% (38.9) n/a

Income tax and social contribution (49.8) (80.1) -37.8% (16.1) 209.3% (41.8) (84.8) -50.7% (27.4) 52.6% 26.1 5.0 422.0% 23.5 11.1% (65.5) (159.9) -59.0% (20.0) 227.5%

Current (93.4) (59.1) 58.0% (31.5) 196.5% (77.8) (90.7) -14.2% (15.8) 392.4% 11.6 0.4 2800.0% 9.1 27.5% (159.6) (149.4) 6.8% (38.2) 317.8%

Deferred 43.6 (21.0) n/a 15.4 183.1% 36.0 5.9 510.2% (11.6) n/a 14.4 4.6 213.0% 14.4 0.0% 94.0 (10.5) n/a 18.2 416.5%

Net result n 117.5 262.5 -55.2% (33.6) n/a 80.2 165.3 -51.5% 53.0 51.3% (72.6) (24.6) 195.1% (78.2) -7.2% 125.0 403.1 -69.0% (58.9) n/a

Net margin 9.7% 20.3% -10.6pp -3.3% 13.0pp 11.9% 24.1% -12.1pp 10.6% 1.3pp -7.3% -3.0% -4.3pp -8.3% 1.0pp 4.3% 14.4% -10.1pp -2.4% 6.7pp

Attributed to Cielo 117.5 262.5 -55.2% (33.6) n/a 56.2 115.7 -51.4% 37.1 51.5% (73.2) (25.2) 190.5% (78.6) -6.9% 100.4 352.9 -71.6% (75.2) n/a

Atributted to non Cielo interest - - n/a - n/a 24.0 49.6 -51.6% 15.9 50.9% 0.6 0.6 0.0% 0.4 50.0% 24.6 50.2 -51.0% 16.3 50.9%

Cielo ConsolidatedCielo Brasil Cateno - Accounting value Other Subsidiaries

Page 25: Corporate Presentation - api.mziq.com

Net Debt Evolution

25

2014 20192018 2Q202015 2016 2017 1Q20

5,590

13,319

8,707

5,222

7,095

11,24612,122

10,768

3Q20

9,195

Net Debit

1.20.80.6

1.61.51.0

1.6

0.4

1.1

Net Debit*/Ajusted EBITDA

Debt RatioLTM Net Debt/EBITDA ratio adjusted to result from purchases of receivables on September 30, 2020 was 1.1x.

1. Private Debentures: 3.32. Public Debentures: 2.93. Bonds: 2.94. FINEP: 0.1

Total: R$ 9.2bi

Page 26: Corporate Presentation - api.mziq.com

Debt Amortization Schedule

26Debt* Amortization Outlook (Principal + Interest)

* Debts amounts consider interest until 09/30/2020.

Total Liquidity* 4Q20

6,393.1

2021 Long Term

23.243.3

9,128.0

Page 27: Corporate Presentation - api.mziq.com

CIEL3 performance vs IBOV

27Stock performance (IPO date* = 100)

*06/29/2009

50,00

75,00

100,00

125,00

150,00

175,00

200,00

225,00

250,00

275,00

300,00

325,00

350,00

375,00

400,00

425,00

450,00

475,00

500,00

26-Jun-09 26-Jun-10 26-Jun-11 26-Jun-12 26-Jun-13 26-Jun-14 26-Jun-15 26-Jun-16 26-Jun-17 26-Jun-18 26-Jun-19 26-Jun-20

CIEL3 IBOV

R$4.62

95,056

Page 28: Corporate Presentation - api.mziq.com

Thanks!Investor Relations

ri.cielo.com.br

[email protected]